Dry CargoEurope

Diana Shipping fixes out ultramax to Stone Shipping

New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its ultramax vessels.

Diana Shipping won a charter for the 2016-built, 60,309-dwt DSI Aquarius, previously known as STH Kure. The gross charter rate is $14,500, minus a 5% commission paid to third parties, for a period until a minimum of December 1, 2024, up to a maximum of February 1, 2025.

The charter is expected to commence on January 19, 2024, and the employment of the bulker is anticipated to generate around $4.52m of gross revenue for the minimum scheduled period of the time charter.

In January, Diana Shipping already won a contract for one of its vessels. It was an extension for the post-panamax bulker Amphitrite with Cobelfret.

The Semiramis Paliou-led company has a fleet currently consisting of 40 dry bulk vessels – four newcastlemax, nine capesize, five post-panamax, six kamsarmax, seven panamax, and nine ultramax. As of today, the combined carrying capacity of the company’s fleet is approximately 4.5m dwt with a weighted average age of 10.57 years.

Bojan Lepic

Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had written for Navingo media group titles including Offshore Energy Today and LNG World News. Before joining Splash, Bojan worked as an editor for Rigzone online magazine.
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